Bengaluru: The RPSG Group, a major player in the renewable energy sector, will invest ₹10,500 crore over the next three years in Vijayapura and Ballari districts, Large and Medium Industries Minister M.B. Patil said on Thursday. He assured that the State Government would extend all necessary support to facilitate these investments.
The Minister shared this information while participating in the World Economic Forum meeting currently under way in Davos.
Similarly, the InoxGFL Group, which has already commenced turbine blade manufacturing for the wind energy sector at Kustagi, is planning to set up a facility to manufacture large wind power towers at a nearby location in the coming days. The company has already invested ₹10,000 crore in Karnataka, he said.
The Ramky Group, which specialises in waste management, has expressed interest in setting up Common Effluent Treatment Plants (CETPs) in KIADB industrial areas across the State. Discussions have also been held with the group on establishing a Pharma Park in Karnataka. Tech Mahindra Limited, meanwhile, has shown interest in making industrial investments in Tier-2 cities of the State, he added.
The State is keen on attracting greater investments from Singapore-based companies. In this regard, discussions were held with representatives of the Singapore Economic Development Board (EDB), functioning under Singapore’s Ministry of Trade and Industry, on the establishment of a ‘Singapore Park’ in Karnataka. There are significant opportunities for collaboration with Singapore in sectors such as semiconductors, biotechnology and aerospace, Patil said.
Lenovo, a leading manufacturer of personal computers, laptops, tablets and smartphones, has held discussions on partnering with local suppliers and entrepreneurs. Axon Cables, which operates in the defence sector, has decided to expand its manufacturing footprint in India and has been invited to consider investing in Karnataka, the Minister said in a statement.
To ensure that Karnataka remains competitive and does not lag behind in the next phase of global trade and industrial transformation, the State delegation held detailed discussions with Nicholas Lang, Managing Director of Boston Consulting Group (BCG), on future strategies related to tariffs, artificial intelligence and emerging technologies.
Praise for government support
Several industry groups have appreciated the State Government’s support in ensuring the time-bound implementation of projects, the Minister said.
In line with the State Government’s priority of promoting cities beyond Bengaluru as self-sustaining urban centres, Tech Mahindra Limited has expressed interest in expanding its presence in Tier-2 cities across Karnataka.
Schneider Electric has announced plans to establish 20 additional training infrastructure facilities in the State, with a long-term objective of expanding the network to 100 skill development centres, Patil said. He added that discussions on further investments were also held with the Jubilant Bhartia Group and several other companies.
MoU with Swiss Chambers India
With a view to strengthening industrial ties between Karnataka and Swiss companies, the State Government signed a memorandum of understanding with Swiss Chambers India at the summit. Swiss Chambers India head Satish Rao and the CEOs of six Swiss companies were present on the occasion, Patil said.
The high-level delegation accompanying the Minister includes S. Selvakumar, Principal Secretary, and Gunjan Krishna, Commissioner, Department of Industries, among others.
